St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-27
The Grain Markets Opened Easier on
the Chicago Board Of Trade
Yesterday.
Provisions, However, We're Started
Stronger, and Sold at Rather
Higher Prices.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.

opening and the market eased off lac. start
Ing in at 1890 for December and 1850 for
May, and losing a fraction. Gables are en-
couraging and the English markets are
quoted as strong with an improved tendency
Corn was not disturbed by exciting news or
plunging, and prices were steady during the
first hour of trading. Provisions were buoy
ant, and product of all kinds opened al
considerably higher range. Pork was es-
pecially in good speculative request. Janu-
airy pork opened at S12.35, January lard at
S6.32l2, and January ribs at S627l2. "Old
Hutch created one of his periodical diver
sions in corn this morning by bidding No
vember up from 41l2c to 421Ac. December at
the same time moving from 4ll2c 10 4lISc,
and May from 454c to 4ol2c.
The foreign markets news on corn
leads the trade to anticipate an Improvement
in the situation; light receipts also serve to
strengthen the market. The scalping senti-
ment is rather bearish, however, but the
scalpers lose no time in getting out of the
wet when Hutchinson begins TO slash
around; this is what they did this morning,
thus helping the advance. The market lost
part of its improvement during the last half
hour of the morning session. the decline i'll
wheat operating to check the bulge IL the
neighbor cereal. Wheat continued 10 rule
more or less firm, but the market was mar
rover than yesterday; Henry Clews, Rous
and other New Workers wired bearish views
on the situation, and suspicion took root in
the soil of the pit that the local bulge had
been worked mainly for the purpose of run
ming in a set of hard-playing bu; nervous
shorts. They are now pretty well out of the
market, and about IL o'clock the scalpers
and quick turning spectators began play
ing for a decline, breaking the mar
ket l2c, and closing it weak
at about the inside figures of
the day. shippers report moderate ship
ping inquiry, though New York processes to
have discovered that tide water and internal
markets are 304c above q shipping basis.
Provisions eased off somewhat, but the I'M
dertone continued firm and product was in
excellent speculative demand on every reac-
ton. Lake engagements to-day: Wheat,
$4,000 bu; corn. 20, 900 bu; fax seed. As, 900
bu; rate 5h@4G4c. Estimated receipts to-
morrow Wheat, 103 cars; corn, go ears:
oats, 40 cars; hogs, $4,000 head. At the
afternoon session there was fair trading but
no decided change of prices in either grain
or provisions. $50 p. m. prices-Whcat,
October, 71l2c; November, 717s@72c; De-
cember. 1889; May, 1859. Corn-October.
41a4c; November, 42c; December. 419Sc;
May, 45Ac. Oats-October, 2514c; Novem-
Der, 25l2c; December, 259sc; May, 29ssc.
Probationary, S12.4O. Lard-october,
$3.50; November and December. $3.50: Jan
uary, St. 32l2@6.35; May, Sc. 62l2 Short Ribs
October, S6.75; January S6.21l2.
THE ROUTINE REPORT.
CHICAGO. Oct 26.-The grain markets
opened easier to-day on Change, but provi-
sions were started stronger and sold at higher
during the earlier part of the session. but
later in the day the market ruled quiet There
was less business from outside than on yes
terday. but in general the local operators
were fully as bullish as on yesterday. and
there was q good talk on the part of the
longs about holding wheat for an advance.
All this tended to make firm tone and an
upward range in prices. The receipts of
bu. December wheat started at 13l2c,
sold to 73l2@735sc, rallied to 73s4c. re-
acted to 73Ac and closed at 73ssc
Corn was traded in quite actively to-day. and
largely i'll November and May deliveries. the
former exhibiting the most strength. The
tirmness was due mainly to the free buying
of November by prominent local operator
this being the chief feature of todays mar
ket Receipts were trifle under the eSti-
mates and anticipated arrivals for to morrow
are quite light and this also assisted the firm
ness to some extent. The market opened
shade higher than Yesterdays closing prices
was easy for time. then ruled active and
higher under brisk demand, shorts buying
quite freely and prices advanced 34c for near
futures and SEC for May, reacted some. due to
realizing. and closed lac higher for Novem
Der at 42c and lsc and Ac higher for May
45l4c than yesterday. Oats were steady in
tone and trading was moderate. Near
futures were slightly improved, and May sold
at former prices. Receipts were smaller and
further reduction is promised for to-mor-
row. Provisions were rather stronger
to-day, yet operators were slow to
follow any advance in prices. The receipts
OF hogs were lighter than generally antici-
pated, which encouraged some buying of
product for future delivery early i'll the day.
The fact, however, that hogs were slow sale
at former figures, checked trading TO some
extent. especially at the Improvement in
prices. January delivery still commands the
preference, and all the leading articles
changed hands at higher prices. During the
latter part of the session, the market was
weaker, and prices settled back again. and
closed rather tame. The steadineSS in the
corn market ana the favorable advices from
depending markets, both domestic and for
eign. had a strengthening influence early in
the day. The inquiry on shipping account
was fair and buyers were inclined to pay
further improvement in prices for meats for
midwinter-delvery. Sellers, however. were
slow to meet their views and trading was
only moderate. The receipts of products
were fair, and the shipments of all kinds
moderately free. January mess pork opened
at Sl2.35 sold to S12.32l2011 2.42l2 and
closed at S12.40. January lard opened ut
So. 23l2, sold at Sc. 2212@6.4O and closed at
Sb.'10. January snort lids opened at S6.32l2.
sold at S6.25Q627l2 and closed at $6.27l2
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat, No. 2-October opened at 7l12c
closing at 71l2c; November, 7I7s, closing at
T175c: December, 73s4c, closing at 7;}Ssc;
May, 1850 closing 19lsc. Corn. No. 2-Oc-
tober opened at IL Ac, closing at 4Is4c: No
yember, 4ll2c, closing at 42c; December,
aIl2c, closing at l5sc; May 45i4c, closing at
s5l4c. Oats, No. 2-October opened at % &c.
closing at 2314c Nov. 25ss, closing at 25Iac:
December closed at 255sc: May 295sc clio sing
at 295sc Mess pork per bbl.--January opened
at Sl2.3 50, closing al S12.40 Lard per 100
lbs-October opened at $3.50. closing at
$500 November, 81 32l2. closing at $3.50:
January, $6.32l2, closing at SG.35: Nav.
$3.50: closing at S6.62la. Short ribs, per
100 lbs-October opened at So 97I5 closing
at $50; January. Sc. 22l2, closing at ST.. 27Ia.
Cash quotations were as follows: Flour in
fair request, with prices steady and un-
changed. Wheat-No. 2 spring, lisa II 14c:
12l4c. Corn-No. 2, 4lS4c: Oats-No. =, 25l2c
Rye-No. 2 51l2c. Barley-No 9, 7lI2c.
Flax Seed-No. l, 81 .09l2 Prime timothy
seed, S2IS@2.26. Mess pork per Dbl Sl3.
Lard, per 1G0 lbs, S6.55@6. 60. Short ribs
sides QoOsel. S6.70; dry sailed shoulders
lboxed), S5@5.1O short clear sides fbOxed)
SI@1l0 Whisky, distillers' finished goods
per gallon, S1.10. Sugars-Cut loaf 7c
graduated. Csc; standard IA 6l2c. Re
ceipts-Wheat. 1900 bu: corn. 81 900 bu :
oats. 800, 600 bu: rye, 242, 900 bu: barley.
5000 bu. Shipments-Wheat, $4,000 bu :
corn, 1000 bu; oats, $4,000 bu: rye
10000 bu; barley. 1000 bu On the produce
exchange to-day the butter market was quiet
al 2O@26c for creamery and 11I2@21c for
dairy. Eggs, very firm at 170 1Sc.
2. M NEWPOPT COM